Projected financial statements and basic analysis

You are the most creative analyst for Green Rabbit Transportation Inc., and your admirers want to see you work your analytical magic once more.

$2016$ Actual Results

$2017$ Initial Forecast

Net sales$$20,000$$$24,000$Cost of goods sold$(16,000)(19,200)$Gross profit$$4,000$$$4,800$Fixed operating costs except depreciation$(1,000)(1,200)$Depreciation$(400)(480)$Earnings before interest and taxes$$2,600$$$3,120$Interest$(400)(400)$Earnings before taxes$$2,200$$$2,720$Taxes$(880)(1,088)$Net income$$1,3201,632$Common dividends$(712\mathrm{.}8)(712\mathrm{.}8)$Addition to retained earnings$$607\mathrm{.}2$$$919\mathrm{.}2$Earnings per share$$66$$$81\mathrm{.}6$Dividends per share$$35\mathrm{.}64$$$35\mathrm{.}64$Number of common shares $($millions$)20\mathrm{.}020\mathrm{.}0$

Which of the following are assumptions made by the initial income statement forecast?$$Check all that apply.